BOC takes 15 per cent stake in Don Valley CCS project

• 12 years ago (2012-06-14)
• Junior Isles

Europe 1089 North America 1021

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UK gas supplier BOC has taken a 15 per cent stake in the £5bn carbon capture and storage (CCS) project being planned by 2Co Energy at the Don Valley Power Project in Doncaster.

BOC will supply carbon capture technology for the CCS project, which will pump 90 per cent emissions under the seabed 200 miles offshore. The project hopes to create 2800 jobs during construction and 500 when it is in full operation.

This latest move comes after Samsung agreed to take a 15 per cent stake in the project in March.

Mike Huggon, managing director of BOC said: “Moving to full commercial-scale carbon capture will be vital to the UK to meet carbon reduction targets. BOC is delighted to take a significant stake in the project.”

UK firm 2Co Energy gained planning permission for the project in 2009, and hopes to start construction in 2013 and be in operation by 2016, assuming bids for further UK and EU funding are successful.

The proposed design of the power station includes a coal gasification plant which produces hydrogen-rich gas for power generation. 2Co Energy says the captured carbon dioxide will be put to profitable use, assisting in recovering billions of barrels of hard-to-reach North Sea oil, before being stored offshore in depleted oil fields.

2Co is optimistic that the Don Valley project will form the nucleus of a ‘cluster’ of additional CCS projects in the Humber Gateway region which will share its pipeline. The region is currently the UK’s coal-fired generation heartland and contributes about 18 per cent of the UK’s annual CO2 emissions, the firm claims.

Lewis Gillies, chief executive of 2Co Energy Limited, said: “The regional infrastructure created by the project will help the UK lead a clean industrial revolution that keeps the lights on and boosts jobs, green growth and innovation.”